Posted by Khai Zam > 2014-06-30 16:34 | Report Abuse

this shariah-approved listing?

Posted by godzilla > 2014-07-01 12:13 | Report Abuse

ok ke kaunter ni? takut jadi cam icon dgn boustead.

Posted by joilintai > 2014-07-02 22:34 | Report Abuse

great potential for goreng...already applied 100 lots

Posted by Moraz Klg > 2014-07-03 09:56 | Report Abuse

joilintai, how u know this IPO can goreng? Fear first listing like Bplant

Posted by godzilla > 2014-07-03 10:06 | Report Abuse

Yeah still trauma with icon and bplant

Posted by Kevin Shah > 2014-07-03 12:59 | Report Abuse

http://www.theedgemalaysia.com/business-news/297063-ipo-watch-ta-securities-values-tanah-makmur-at-rm148-.html

Posted by fifijalal > 2014-07-07 10:06 | Report Abuse

maybank IB TP 1.63. Both Bplant and Icon goreng what. price shot up at the early morning trade. that's the definition of goreng.

Posted by azlan88 > 2014-07-08 13:03 | Report Abuse

It won't be as bad as BPlant. Boustead make tons of money by pricing their BPlant IPO at top price (more than 15x PE) while Tanah Makmur is only priced at 10x PE (the average plantation company are priced more than 10x in this current high CPO price). Boustead only spend few hundred millions to privatize Boustead Reit and now their holding in BPlant is more than RM1.5b, and plus they netted few hundred millions from share sale.

After going through the Tanah Makmur Prospectus, I can say Tanah Makmur is quite good. The oil palm tree profile is actually better than BPlant, only 18.7% of trees are above 19 years. 50% of trees are between 4 - 18 years which is good in the current high CPO price. The rest 31% is below 4 years which provides upside in future earnings, should the current high CPO sustains for many years to come.

As for their property play, GDV of KotaSAS might jump to RM3 billion from RM1.5 billion should the Pahang government decides to relocate their new administrative building in KotaSAS. I believe with connection to Pahang Royalty as their shareholders, this will happen. You know what I mean. haha

Don't forget that, their landbank in KotaSAS (which they said will not interfere with KotaSAS property development)contain more than 1.4 million tonnes of bauxite deposit and they have made smooth progress to monetize on this deposits since early this year.

Below are some TP provided by research houses.
CIMB 1.88
MBB 1.63
JF Apex 1.51
TA 1.48

What say you?

Posted by twim > 2014-07-17 08:55 | Report Abuse

Good buy. Try to get below rm1.60 still ok for me.

Posted by ericyeoh > 2014-07-17 10:14 | Report Abuse

Is now a good timing to chip in some?

Posted by pendekarbujang > 2014-07-17 10:16 | Report Abuse

much much better than Bplant

Posted by twim > 2014-07-17 13:02 | Report Abuse

Managed to buy some at rm1.62 n sold at rm1.75. Arghhhhhhhh

Posted by brady12 > 2015-01-30 14:44 | Report Abuse

can buy now or not